What’s the most simple bookkeeping software for a self-employed independent contractor (LLC taxed as s-corp)? All I have are (few) expenses and monthly 1099 compensation.

Finding the Ideal Bookkeeping Software for Independent Contractors

As a self-employed independent contractor operating as an LLC taxed as an S-corp, you may find yourself overwhelmed by the myriad options available for Bookkeeping software. If your main financial activity consists of a few business expenses and monthly 1099 payments, simplifying the process is essential to make your life easier and your accountant’s job more efficient.

I offer healthcare services and have streamlined my payroll through Gusto, but I’m in search of a Bookkeeping solution that is both user-friendly and affordable. Traditional giants in the field, like QuickBooks, often offer more features than I require – think inventory management and complex invoicing, neither of which is applicable to my straightforward operation.

What I’m Looking For:

1. Simplicity: My bookkeeping needs are minimal. I’m managing 1099 income and a handful of expenses without the complications of inventory or time tracking.

2. Affordability: I’m not interested in recurring fees like $35 per month for services that provide far more complexity than I need. I aim to find a solution that is budget-friendly while still meeting my requirements.

3. Mobile Access: Considering my frequent on-the-go schedule, a solution that offers a robust iOS app would be highly beneficial. I want to manage my finances through my phone, with the ability to link my bank and credit card accounts for automatic transaction flow.

Current Options:

Right now, I’m evaluating Wave and Zoho Books. Both of these platforms offer features that align more closely with my needs compared to more comprehensive, and often pricey, alternatives.

• Wave is known for being free to use for core functionality, making it an attractive choice. It has a clean interface and is intuitive for users like me who want to keep things simple.

• Zoho Books, while not free, offers a more structured set of features at a lower cost than infamous options like QuickBooks. Its integration capabilities and mobile app could make it a viable competitor.

Conclusion

For independent contractors like myself, prioritizing simplicity in bookkeeping can lead to more time spent focusing on the work we love rather than wrestling with complicated finances. If you can relate, I encourage you to explore both Wave and Zoho Books to determine which option best meets your needs. Your accountant will thank you for it!

Have you found a bookkeeping solution that works for you? I’d love to hear your experiences and recommendations!